Trucking Facility on Fenced
For Sale
$5,500,000
237 & 267 N Graham Street, Bowling Green, KY 42101
Trucking facility with office and shop space on 6.16 acres.
Property Size15,860 SF
Lot Size6.16 Acres
Price / SF$346.78
Days on Market628
Property Features for 237 & 267 N Graham Street
General Information
Standard status
Active
Size
15,860 SF
Lot size
6.16 Acres
Listing Agency:
Coldwell Banker Legacy Group
(270) 202-8899
Listed By:
Tim Page · License #214996
(270) 202-8899
Source:
Exprealty
Added: Nov 21, 2024
Changed: Aug 8
Last Checked: Aug 8 at 5:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Legacy Group
Investment Insights
Based on property information with market context.
This trucking facility is situated on 6.16 acres of fenced land. The property includes two buildings with a total area of 15,860 square feet. The buildings are configured with 4,000 square feet of office space and 11,860 square feet of shop space, accommodating both administrative and operational functions. The property is located off Louisville Road and features an oil changing pit, six 16-foot tall bay doors, and one 12-foot door. Currently used as a wrecking and hauling facility, this property is suitable for logistics and other business operations.
Key Highlights
- Prime trucking facility on 6.16 acres of fenced land.
- Two buildings totaling 15,860 sqft (4,000 sqft office, 11,860 sqft shop).
- Strategically located off Louisville Road.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$184,135
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,682,700
$3.7M
Cap Rate 7%
$2,630,500
$2.6M
Cap Rate 9%
$2,045,944
$2.0M
Market Conditions
NOI Build-Up for 15,860 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$285.5K $18.00/SF
− Vacancy
−$40.0K −$2.52/SF
EGI
$245.5K $15.48/SF
− OpEx
−$61.4K −$3.87/SF
NOI
$184.1K $11.61/SF
Area
Warren County, KY
Vacancy
14.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,682,700
Cap Rate 7%
$2,630,500
Cap Rate 9%
$2,045,944
Alternative Uses
Best Use
Office B
$2.63M
$2.30M – $3.07M
NOI $184,135 @ 7.0% cap · market cap 3.35%
Second Best
Retail
$2.49M
$2.18M – $2.91M
NOI $174,304 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$3.50M
$3.06M – $4.09M
NOI $245,193 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Explore this area
Business Placement
Demographics for 42101, KY
64,444
Population
26,062
Households
2.5
Avg Household Size
30
Median Age
20%
College-Educated
83%
High-School Grad
281.0 sq mi
ZIP Area
229
Density / Sq Mi
$49,045
Median Household Income
$26,564
Median Earnings
$905
Median Rent
$188,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Truck terminal - Trucking facility with office and shop space on 6.16 acres.
Where is this truck terminal located?
The property is located at 237 & 267 N Graham Street Bowling Green, KY.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Prime trucking facility on 6.16 acres of fenced land.; Two buildings totaling 15,860 sqft (4,000 sqft office, 11,860 sqft shop).; Strategically located off Louisville Road.
